The Big Bond Outlook
Raoul Pal: Real Vision
00:00
Will We Make a Handle?
We're seeing noise around unemployment and layoffs, but it's not really coming through yet. The other one that correlates very well with the yield curve is increasing the unemployment rate. In derivative terms, the bomb market to you feels a bit like a self-funding call option. But worst case, you're getting paid to do the trade and it's fine. I love getting paid to wait. That's a beautiful thing.
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